But again, the sales history indicates there's probably no one home. We have a sale in 2010, another earlier this year, and a re-listing just a month later

Price history: sold at auction in June of this year. Instantly re-listed. Resold a little over a month later

One more: 42839 W Sunland Drive: 3 beds, 1,400 sq. ft.

This is pretty much the housing crash in one chart: bonanza value in '06 (red), market tanks and home gets repo'd (red), bank feverishly tries to get it off its books by cutting prices (blue). Buyer finally found, flipped for a 60 per cent premium two years later (red)

Yes flipped. Greg Swann, a broker-realtor in Phoenix, emailed us to say the area has relapsed into an investor-fuelled bubble

Indeed, it's safe to say those flippers who survived the crash merely went into hibernation. Marty Boardman started a blog called Flipping Phoenix Houses in 2011

In his first-ever post, he lamented the market competition he was again facing from fellow flippers

To be sure, flipping is not the only story. Maricopa's seen a 140% year-over-year increase in new housing permits, one of the largest increases in all of Arizona